KESH adopts climate risk management plan
Albania’s state-owned power utility KESH, whose production is almost entirely dependent on hydropower plants (HPP), has adopted its first climate risk management plan, a strategic approach to address the challenges posed by rising temperatures and increasing hydrological variability. KESH operates a 1,350 MW hydropower cascade on the Drin River. It is facing challenges due to […]
ProCredit Bank is first buyer of green energy with guarantees of origin in Serbia
Serbia’s public power utility Elektroprivreda Srbije (EPS) and ProCredit Bank have signed the country’s first contract for the sale of renewable energy with guarantees of origin. The two companies have signed an annex to the contract to issue a certified guarantee to the bank that EPS will deliver only electricity generated in hydropower plants (HPP), […]
Electricity prices across the region to increase by up to 40% in 2019
Electricity prices for businesses went up in Croatia this year, while hikes have been announced for 2019 in Serbia, of about 20%, and Bosnia and Herzegovina (BiH), of around 15%. At the same, wholesale prices in Romania could increase by 40%. Electricity supply for the business segment in the region has been liberalized, and state […]
Norway’s Statkraft seeks to build floating solar power plant in Albania
Norway’s state-owned Statkraft, the world’s largest hydropower company and Europe’s largest generator of renewable energy, has filed a request to build a floating solar power plant in Albania, according to reports citing Albania’s energy ministry. Statkraft, which produces hydropower, wind power, solar power, gas-fired power, and supplies district heating, has been operating its first hydropower […]
Auctions for cross-border power capacities at border with Bulgaria to be held by Joint Allocation Office from 2019
Auctions for cross-border power capacities at the border with Bulgaria will be held by Joint Allocation Office S.A. (JAO) from Luxembourg from next year, the Energy Agency of the Republic of Serbia (AERS) said in a press release. So far, the long-term auctions have been conducted by Bulgarian transmission system operator (TSO) ESO, while daily […]
EU concludes political talks on clean energy package, to cut subsidies for most polluting coal power plants as early as 2025
Members of the European Parliament (MEPs) and EU member states have reached a provisional agreement on a recast internal electricity market regulation and directive, concluding the political negotiations on the Clean Energy for All Europeans package. The provisional agreement envisages scrapping subsidies as capacity mechanisms for power plants emitting more than 550 gr of CO2 […]
Power utility EPCG plans to launch tendering for reconstruction of 5 small HPPs
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) plans to launch tendering in the third quarter of 2019 to select a contractor to produce, deliver, and install equipment, as well as a contractor to produce the main design plan for a project to overhaul and modernize five small hydropower plants (SHPP), EPCG has said in […]
Elektroprivreda BiH adopts Business Plan for 2019-2021
Public power utility Elektroprivreda Bosne i Hercegovine (EPBiH) is planning to bring the Podveležje wind farm, small hydropower plants (SHPPs) on the Neretvica river, and the Vranduk hydropower plant (HPP) phase I online in the next three years, as well as to start the construction of Unit 7 of the Tuzla thermal power plant (TPP), […]